President Trump: Tax bill ‘an incredible Christmas gift for hard-working Americans’
ABC News reports Republicans’ “first major legislative victory” under President Donald J. Trump is the “largest overhaul of the tax code in 30 years.” The bill simplifies the tax code by eliminating several special interest loopholes and doing away with Obamacare’s individual mandate. The President said Americans would start to see the bill’s effects beginning in February. “This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans. I said I wanted it done before Christmas. We got it done,” President Trump said.
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House Speaker Paul Ryan writes in The Wall Street Journal that tax reform means hardworking Americans paychecks will grow. “So will the economy, as the bill brings U.S. corporate taxes in line with the developed-world norm,” the Speaker added.
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Reuters reports that U.S. home sales hit an 11-year high, increasing more than expected in November. The numbers are an indication “that housing was regaining momentum after almost stalling this year.”
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Gary Varvel writes in the Indianapolis Star that the mainstream media is underreporting President Trump’s successes, instead choosing to focus negatives to fit a more pessimistic narrative. Varvel cites the passage of tax reform, record-breaking stock market highs, strong economic growth, rising consumer confidence, low unemployment, myriad judicial appointments, and deregulation as among the President’s many victories. “Trump has more wins than losses,” he concludes.
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Fox News explains how the Trump Administration has found success in bringing home Americans detained abroad. “Senior officials in the White House and State Department have quietly worked behind the scenes to resolve a major concern of the president: securing the release of American citizens detained by foreign governments and terror groups,” Fox News reports.
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